5 Reasons Why FaucetPay by Basilisk Studio S.R.L Should Be Shut Down by Cryptocurrency Legal Agencies

By XTRM™ | Beta Testing Lab | 9 Aug 2025


This is not an article written on the back of being stung during a bout of online gambling addiction... Rather a full blown $450 investigatory test so that you do not have to fall for any of what we shall be going through.

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Without further ado let’s pull the curtain back.... When you talk about crypto, you’re meant to picture this utopian decentralised wonderland, where everyone’s equal and the government never lies... But somewhere between the dream and the reality, you get operations like FaucetPay - and what Basilisk Studio S.R.L have done with it - that turn that promise into a pantomime...

There’s no need for conspiracy theory whispering here - the behaviour speaks for itself. This isn’t just about bad luck, bad management, or “the market being the market.” This is about a set-up that shows patterns of manipulation, siphoning, and a willingness to exploit the very people that keep it alive.

So, let’s break down 'five clear reasons' why cryptocurrency legal agencies should be looking at FaucetPay - and why, frankly, it should be shut down.

1 - Manipulated Games: The Crash That Always Crashes on Cue

Take the game “Crash” as a prime example. It’s marketed as a fair, provably random game - you put your crypto in, watch the multiplier climb, and try to cash out before it “crashes.” Sounds like harmless high-risk entertainment, right?

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Except there’s a catch. The multiplier isn’t behaving like a fair statistical spread. There are sudden instant crashes at critical betting points - not once or twice, but in repetitive, patterned bursts. You don’t need to be a data scientist to spot when a supposedly random curve is timing its drop with the exact moments that draw maximum loss from players.

It’s not just the unlucky who feel it - players have reported seeing wins evaporate mid-bet, with the game result switching right in front of them. That’s not random; that’s control. And control means someone’s pulling levers.

2 - Theft Without Even Betting, or While You Sleep

Here’s where it tips from shady to downright predatory... You’d think the worst that could happen is losing money on a bad bet. But there are accounts of people losing cryptocurrency without even placing a bet. Log in, watch the game, check your balance - suddenly you’re lighter without lifting a finger.

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This isn’t a “bug.” In gambling, “bugs” that only work in one direction - the house’s favour - aren’t bugs. They’re features. The fact that funds can vanish during mere observation suggests the back-end is wired to drain wallets whenever it sees fit... Crash also has a habit of stating no bet was made, or able to be made... instantly snatching your bet and no refund. Words from the Developers or Support? Nothing... In fact you are likely to get banned, and your account locked - as with what happened with the 2nd backup test account I had.

And yes - just like the three test nights - it happens silently, without explanation, leaving the victim to scratch their head and wonder if they’ve gone mad. They haven’t. They’ve just been quietly robbed.

3 - Manual Manipulation Behind the Curtain

Here’s a dirty little truth about some online casinos: “live” doesn’t always mean live, “random” doesn’t always mean random, and “automated” doesn’t always mean there’s no human hand in the pot.

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Multiple players have reported uncanny coincidences - the kind that make you feel like you’re playing against someone who knows your next move before you make it. The suspicion? Manual interference.

When operators can override outcomes or insert “loss events” on demand, they have complete control over the flow of winnings and losses. This isn’t about letting the market or the algorithm decide. It’s about someone, somewhere, deciding you’ve had enough good fortune and flicking the switch.

4 - The Disappearing Crypto Incident Circa 2019/20

Let’s not forget the historical elephant in the room: FaucetPay’s previous loss of cryptocurrency from its micro payment wallet. Funds vanished. Players were left out of pocket... And the company’s response? Silence where there should have been transparency... A HUGE red flag.

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The promise of crypto is accountability on the blockchain - every transaction traceable, every coin accounted for. But when the vault springs a leak and the response is a shrug, you’re looking at more than a security breach. You’re looking at an operator that refuses to take responsibility for user losses... or a scamming thief.

No refunds... No restitution... No public admission of fault... Just a quiet brushing under of the rug while the community’s trust was left bleeding out on the floor... yet some still returned... Blinded by gold and promises.

5 - Lost Your Funds? Explain Pasino Casino’s Sudden Arrival!

Now here’s a bit of a conundrum of WTF's... After losing user funds in the micro payment wallet debacle, blamed on a hack, to the tune of around $600,000 - without refunding them - the same people suddenly roll out a shiny new project: Pasino Casino... Not dodgy in the slightest eh?

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Think about that for a moment... No accountability for the losses. No effort to make things right. Just a rapid pivot to launching another gambling product under the same brand umbrella.

In most regulated industries, that behaviour would trigger investigations and license revocations. But in the semi-regulated frontier of crypto, it’s shrugged off as “business as usual.” That’s exactly why legal agencies need to step in.

Why This Matters

Some might say, “Well, gambling’s gambling - you know the risks.” And yes, you do - when the risks are clear and the odds are honest. The problem here isn’t losing a fair game... it’s playing in a rigged one right from the start.

When the operator controls the outcome, drains balances without bets, and has a history of unaddressed financial losses, it’s not a game anymore... It’s a confidence trick.

Crypto already has enough bad actors dragging its name through the mud... Allowing operations like FaucetPay to carry on unchecked doesn’t just hurt the players - it undermines the entire ecosystem.

A Final Warning

FaucetPay, run by Basilisk Studio S.R.L, isn’t just another rough-and-tumble crypto wallet and casino. It’s an operation with a proven history of manipulation, unexplained balance theft, and refusal to take responsibility for lost funds... The same organisation that let cryptocurrency vanish from its micro payment wallet is now running Pasino Casino without ever refunding those losses.

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If you value your digital assets, stay away... End of!

If you work in crypto regulation or law enforcement, this isn’t just a case of “buyer beware” - it’s a glaring example of why oversight is desperately needed... Because left unchecked, they’ll keep pulling the same tricks, draining the same wallets, and leaving the same trail of unaccountable loss.

The lights are still on at FaucetPay - but for the sake of its users and the integrity of cryptocurrency gaming, they shouldn’t be.

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XTRM™
XTRM™

Cryptocurrency Investigator - XTRM™ PR - Taking a laid back look at Crypto while sneaking up on the Cryptocurrency Bad Guys. All investigatory reviews are my own findings during testing - Dig a little deeper! If Carlsberg made Crypto Blogs!


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